Quick off the Wall Tax question for parents

swimcatsmom
Thu, 31 Jan 2008 16:49:59 +0000

But to answer txtwinmom; you can claim your daughter even if she is in the dorms at college. 1 note to worry about however is if she makes any money at a part time job or any other income. As long as it’s below the minimum $3,xxx.00 (Can’t remember the limit right now); you are OK. If she makes more than that, and you want to still claim her, you will have to also claim that income.



??? Don’t think this is correct. My freshman daughter made @ $5,000 last year (including taxable portion of her scholarships). We claimed her as a dependent but do not have to claim the income - in fact cannot claim it. She filed a tax return as single to get back excess tax paid.